Newmont (NGT) Scheduled to Post Quarterly Earnings on Thursday

Newmont (TSE:NGT – Get Free Report) is set to release its earnings data before the market opens on Thursday, October 26th. Analysts expect Newmont to post earnings of C$0.67 per share for the quarter.

Newmont (TSE:NGT – Get Free Report) last announced its quarterly earnings results on Thursday, July 20th. The company reported C$0.44 EPS for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.08). The company had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.87 billion. Newmont had a negative net margin of 6.77% and a negative return on equity of 3.61%.

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Newmont Stock Down 1.1 %

Newmont stock opened at C$54.66 on Thursday. The firm has a market capitalization of C$43.40 billion, a price-to-earnings ratio of -41.10, a PEG ratio of 0.78 and a beta of 0.43. The company’s 50 day simple moving average is C$52.74 and its 200 day simple moving average is C$57.22. The company has a debt-to-equity ratio of 31.48, a current ratio of 2.28 and a quick ratio of 1.77. Newmont has a fifty-two week low of C$47.93 and a fifty-two week high of C$76.08.

Wall Street Analyst Weigh In

Separately, CIBC downgraded Newmont from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$54.00 to C$50.00 in a report on Friday, July 21st.

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Newmont Company Profile

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Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers.

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